# Oil battered in ugly week as demand concerns, dollar spur slump

> Oil extended its rout for a sixth day to trade below $60 a barrel, heading for its largest weekly loss since October. Rising U.S. Treasury yields on inflation concerns lifted the dollar, while signs of softer demand in Asia added pressure, and fund selling amplified the decline.

- Date: 2021-03-19 · published 2021-03-19T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/7045-oil-battered-in-ugly-week-as-demand-concerns-dollar-spur-slump
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar and softer Asian demand push crude lower and make dollar-priced commodities, including feed ingredients, relatively more expensive for importers.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- BRENT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2021-03-18 | 1 | -8.3% | -5.4 | Cites Treasury yields, a stronger dollar, softer Asian demand and fund selling as drivers of the rout; it was published a day later. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-08-01 | [Oil sinks about 4% after weak factory data sparks demand concerns](https://feedsoft.ai/events/12799-oil-sinks-about-4-after-weak-factory-data-sparks-demand-concerns.md) | -9.5% | -6.9% |
| WTI | 2024-10-15 | [Oil plunges 4% as Iran supply disruption concerns ease, demand outlook weakens](https://feedsoft.ai/events/28029-oil-plunges-4-as-iran-supply-disruption-concerns-ease-demand-outlook-weakens.md) | -5.8% | -7.4% |
| WTI | 2020-02-25 | [Oil falls for fifth day on demand concerns as coronavirus spreads](https://feedsoft.ai/events/7111-oil-falls-for-fifth-day-on-demand-concerns-as-coronavirus-spreads.md) | -9.0% | -54.6% |
| WTI | 2025-01-27 | [Oil hits 2-week low as China's DeepSeek AI spurs demand fears \| Reuters](https://feedsoft.ai/events/26682-oil-hits-2-week-low-as-china-s-deepseek-ai-spurs-demand-fears-reuters.md) | -2.8% | -5.2% |
| WTI | 2022-06-23 | [Oil prices slump as investors fear Fed rate hikes will hurt demand \| Reuters](https://feedsoft.ai/events/41110-oil-prices-slump-as-investors-fear-fed-rate-hikes-will-hurt-demand-reuters.md) | +4.5% | -8.0% |
| BRENT | 2022-08-01 | [Oil sinks about 4% after weak factory data sparks demand concerns](https://feedsoft.ai/events/12799-oil-sinks-about-4-after-weak-factory-data-sparks-demand-concerns.md) | -11.9% | -8.8% |
| BRENT | 2024-10-15 | [Oil plunges 4% as Iran supply disruption concerns ease, demand outlook weakens](https://feedsoft.ai/events/28029-oil-plunges-4-as-iran-supply-disruption-concerns-ease-demand-outlook-weakens.md) | -5.4% | -7.6% |
| BRENT | 2020-02-25 | [Oil falls for fifth day on demand concerns as coronavirus spreads](https://feedsoft.ai/events/7111-oil-falls-for-fifth-day-on-demand-concerns-as-coronavirus-spreads.md) | -7.6% | -55.2% |

## Sources

- livemint.com: https://www.livemint.com/market/commodities/oil-battered-in-ugly-week-as-demand-concerns-dollar-spur-slump-11616115573967.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.